BlackRock & Ethereum ETF – Key Update
The SEC has officially acknowledged BlackRock’s application for an #Ethereum -based ETF (Exchange-Traded Fund) – a strong bullish signal for ETH.
This confirms what was often misunderstood:
ETFs do not buy Ethereum directly unless authorized by the SEC.
Many analysts mistakenly claimed that ETFs were already buying ETH — which was inaccurate.
Real purchases come from institutions and individuals, not directly from ETF issuers.
Previously, I emphasized how Grayscale-like funds were only facilitating demand via borrowing or lending mechanisms, not spot market purchases. This update proves it clearly.
Bottom line: ➡️ Approval = game changer.
➡️ Still pending = speculation, not inflow yet.
➡️ Watch for actual SEC approval
